RBS Japanese Unit Sentenced With $50M Fine In Libor Case

Law360, New York (January 6, 2014, 8:34 PM EST) -- A Connecticut federal judge on Monday formally sentenced the Japanese subsidiary of Royal Bank of Scotland PLC for its role in rigging the London Interbank Offered Rate, or LIBOR, accepting a criminal plea agreement that includes a $50 million fine.

U.S. District Judge Michael P. Shea imposed the previously agreed-upon sentence, the U.S. Department of Justice announced. RBS reached a deal in February 2013 to pay $612 million to U.S. and U.K. regulators over claims it manipulated Libor. The settlement included a $50 million fine against...
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